With the amendments to the Commercial Code, it is now possible to register a limited company on the Mercantile Registry site and registration of individual merchants will soon be available.

The changes to the regulations becameeffective at the end of January, and among the most important modifications were the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).

With the entry into force of the reform of the Guatemalan Commercial Code, from today a company can be incorporated with $28.

The modifications that already apply were published in the Diario de Centroamérica on October 31, 2017. Among the most important changes is the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).

It is estimated that renting halls for events and opening up restaurants to the general public and not only to guests, represents between 15% and 40% of income for hotels in the Greater Metropolitan Area.

Hotels in the Greater Metropolitan Area are making use of these options in order to take advantage of the infrastructure available to provide services beyond renting bedrooms.

In Guatemala, four bills are being prepared to facilitate registration of one-person companies, export and import of goods and to regulate bankruptcy of a company.

The goal of the National Competitiveness Program (Pronacom) is to implement a series of measures to help improve the country's deteriorating business climate, which, in addition to being affected by political problems, continues to face the serious problem of excessive bureaucracy.Pronacom is working on four bills that it plans to present next year.

Salvadoran industrialists claim that with the presidential veto of the administrative simplification law, the country has lost a valuable opportunity to improve the already deteriorated business climate.

EDITORIAL

With the veto of the Administrative Simplification Act, the Salvadoran government is sending a clear message to the business community and to society in general: There is no interest in paving the way for the private sector to generate more jobs and, consequently, more wealth and socioeconomic development.

Eight out of ten entrepreneurs claim that an excess of formalities and the high costs of formalization are the main difficulties they face when starting a business in the country.

From a statement issued by theUccaep:

28 September 2017.Setting up a business in Costa Rica and operating formally and under the protection of the law, is becoming more difficult for entrepreneurs.This was revealed by the Third Quarterly Business Survey "Pulso Empresarial", carried out by theCosta Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP).

The Trump administration has warned US companies in Nicaragua about the risks of doing business with Venezuelans sanctioned by the US government.

Although the sanctions imposed so far by the US government are against Nicolas Maduro, his inner circle and officials working in the state-owned oil company PDVSA, the US government has warned its citizens in Managua about the care they must take in establishing business relations with the company Albanisa, which was founded with Venezuelan and Nicaraguan capital.

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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...